To all, Recovery Engineering just announced that they expect 112% increase in revenue for the 2nd Q. The stock has been moving up from below 7, less than 2 months ago, to 15-16 range. The CFO said in the previous news announcement: there are always rumors about takeovers...but, the company is not for sale, however, they will consider it if someone offer $80 per share.
Their PUR self-monitoring filters are selling like a hot cake. I expect they will post positive earnings in the 3rd and 4th Q's.....and we may see big earning next year. Here is why: The replacement filter cartridge business will bring in renewed business and profit. It will grow like a "razor blade" business. The product design and performance are first rated. The technology is far advanced than Brita pitcher IMHO. You probably saw it on TV commercial already. Now, You know who makes it!!!
So, how high can REIN stock run? ..... Call the company for investor's package for your own DD.
Company address: 9300 North Avenue Minneapolis, MN 55428
Tel: 612-315-5500 |